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A private insurer has started selling flood insurance policies in Florida, signalling new opportunities ahead for Bermuda catastrophe reinsurers. Homeowners Choice Property & Casualty Insurance Company became the first admitted carrier in Florida to ...

January 25, 2014 Dear Sir, On December 5th I sent a package to my good friend Alison DeSilva for Christmas. In it was wax candle cubes for her home and pictures of my family’s latest cruise to Bermuda in September 2013. Imagine my surprise when she c...

Insurance firm Ace could be on the hook for up to $30 million related to the pre-Christmas hacking scandal at one of the America’s biggest retailers, according to US reports. Business Insurance — quoting unnamed sources — said Ace, which is based in ...

Major reinsurers may be facing credit rating downgrades after an industry watchdog warned the business had “nowhere to hide” from mounting competition. The grim news — the worst outlook for eight years — came from ratings agency Standard & Poor’s (S&...

Super-rich families in Asia, Latin America and the Middle East could be major targets for Bermuda’s wealth management industry, one of the organisers of a major conference next month said yesterday. Jonathan Dunlop, chairman of the Bermuda branch of ...

The number of new insurance companies registered in Bermuda last year jumped by nearly three quarters compared to 2012. A total of 91 companies set up shop in the Island in 2013 — a 72 percent increase on the 53 registers the year before — and the Is...

New Year’s reckoning. It is time for your annual financial review. Yes, it is time-consuming. It may take you a day, a couple, a week, or a month to go through all your last year’s financial activities. Additionally, this is a good time, a traditiona...

Former US Army soldier Brian Duperreault is back in the trenches after retiring — twice. Mr Duperreault is CEO of new reinsurer Hamilton Re, after he and a group of investors, including New York hedge fund firm Two Sigma, bought out the former SAC Re...

A multimillion dollar battle between a UK drugs company and two iconic Bermuda reinsurers could go to Britain’s Supreme Court. Lawyers for AstraZeneca (AZ) have not ruled out taking the case to the highest UK court after the Commercial Court and Cour...